Current Affairs Quiz 24th May 2023 For Bank Exam

Table of Contents

24th May Current Affairs 2023 Quiz: Here, we are providing the Current Affairs Quiz. These types of topics are important for candidates who prepare for Bank Exam 2023. In this article, we are covering the following topics Headlines:

Financial Times Rankings 2023
Garuda Aerospace
Wholesale Price Index
Reserve Bank of India
Monetary Policy Committee

24th May Current Affairs 2023 Quiz

The Current Affairs 2023 section constitutes a major part of the General Awareness section in a competitive examination and plays an instrumental role. To supplement your preparation for the General Awareness Section of the upcoming exams like IBPS PO/Clerk Mains, SBI PO Mains and SEBI Grade A Prelims, we are providing you Current Affairs 2023 Quiz of 24th May 2023 covering the following topics Headlines: Financial Times Rankings 2023, Garuda Aerospace, Wholesale Price Index, Reserve Bank of India, Monetary Policy Committee.

Q1. Who has been awarded the advance purchase orders for 1 lakh BSNL 4G sites?
(a) TCS
(b) ITI Ltd
(c) Tata Group
(d) BSNL
(e) Tejas Networks

Q2. Which areas in India are currently not served by BSNL’s fixed line and wireless telephony and data services?
(a) Mumbai and New Delhi
(b) Chennai and Kolkata
(c) Bengaluru and Hyderabad
(d) Ahmedabad and Pune
(e) Jaipur and Lucknow

Q3. What is the purpose of the ‘India-Israel Center of Water Technology’ (CoWT)?
(a) To develop sustainable water management practices in India
(b) To promote knowledge sharing and collaboration between India and Israel in water technology
(c) To implement Israeli water technologies in India’s context
(d) To pilot sustainable technologies for water security in India
(e) All of the above

Q4. According to the Financial Times Rankings 2023, where does IIM Kozhikode rank among the top providers of open-enrolment executive programs globally?
(a) 27th position
(b) 72nd position
(c) 100th position
(d) 251-300 position
(e) Not Ranked

Q5. Who is the first Saudi female astronaut to go to space?
(a) Rayyanah Barnawi
(b) Ali al-Qarni
(c) Peggy Whitson
(d) John Shoffner
(e) None of the above

Q6. Garuda Aerospace, a leading drone manufacturer, has joined hands with Naini Aerospace, to establish a joint development partnership. Which government PSU is Naini Aerospace a subsidiary of?
(a) DRDO (Defense Research and Development Organization)
(b) ISRO (Indian Space Research Organization)
(c) HAL (Hindustan Aeronautics Limited)
(d) BEL (Bharat Electronics Limited)
(e) BDL (Bharat Dynamics Limited)

Q7. Which cricketer is an investor in Garuda Aerospace and also serves as its brand ambassador?
(a) Sachin Tendulkar
(b) Virat Kohli
(c) Rohit Sharma
(d) Mahendra Singh Dhoni
(e) Shikhar Dhawan

Q8. Which of the following is NOT included in the Wholesale Price Index (WPI)?
(a) Raw materials
(b) Fuel and power
(c) Manufactured products
(d) Services
(e) All of the above are included in WPI

Q9. Which sector of the Indian economy is often considered a key driver of GDP growth?
(a) Manufacturing
(b) Agriculture
(c) Services
(d) Mining
(e) None of the above

Q10. Which of the following is not a function of the Reserve Bank of India (RBI)?
(a) Issuing and managing the currency
(b) Conducting monetary policy
(c) Regulating and supervising banks and financial institutions
(d) Managing the fiscal policy of the government
(e) None of the above

Q11. What is the current statutory liquidity ratio (SLR) mandated by the RBI(September 2022)?
(a) 18%
(b) 21%
(c) 24%
(d) 27%
(e) None of the above

Q12. Which committee is responsible for formulating Monetary Policy Committee (MPC) in India?
(a) Tarapore Committee
(b) Urjit Patel Committee
(c) Raghuram Rajan Committee
(d) Bimal Jalan Committee
(e) None of the above

Q13. Neeraj Chopra has claimed the number one ranking in men’s javelin for the first time with ___ points.
(a) 1400
(b) 1433
(c) 1455
(d) 1480
(e) 1502

Q14. On May 23, is the International Day to End Obstetric Fistula, it is a devastating childbirth injury that can cause lifelong physical and social problems for women. What is the main cause of obstetric fistula?
(a) Poor nutrition during pregnancy
(b) Inadequate prenatal care
(c) Prolonged and obstructed labor
(d) Genetic predisposition
(e) Urinary tract infections

Q15. How many Indian Institutes of Management (IIMs) were featured in the top 75 FT Open-enrolment Executive Education Rankings 2023?
(a) 1
(b) 2
(c) 3
(d) 4
(e) 5

Solutions

S1. Ans.(a)
Sol. Tata Consultancy Services (TCS) has been awarded the advance purchase orders for the deployment of 1 lakh BSNL 4G sites.

S2. Ans.(a)
Sol. BSNL provides fixed line and wireless telephony and data services across the country, except in Mumbai and New Delhi.

S3. Ans.(e)
Sol. The purpose of the ‘India-Israel Center of Water Technology’ (CoWT) is to achieve multiple objectives, including developing sustainable water management practices in India, promoting knowledge sharing and collaboration between India and Israel in water technology, implementing Israeli water technologies in India’s context, and piloting sustainable technologies to ensure water security in India. The center aims to address various aspects of water management, such as integrated water resources management, urban water supply, non-revenue water, sewage recycling, water harvesting, and smart data management.

S4. Ans.(b)
Sol. IIM Kozhikode is ranked 72nd among the top providers of open-enrolment executive programs globally in the Financial Times Rankings 2023.

S5. Ans.(a)
Sol. Rayyanah Barnawi, She is the first Saudi female astronaut to venture into space, representing a significant milestone for gender equality and women’s empowerment.

S6. Ans.(c)
Sol. Naini Aerospace is a wholly owned subsidiary of HAL, which falls under the administrative control of the Ministry of Defence.

S7. Ans.(d)
Sol. Cricketer Mahendra Singh Dhoni is not only an investor in Garuda Aerospace but also serves as the brand ambassador for the company.

S8. Ans.(d)
Sol. WPI primarily focuses on tracking the price movements of goods, including raw materials, fuel and power, and manufactured products. Services are not included in WPI, but they may be covered by other indices such as the Consumer Price Index (CPI).

S9. Ans.(c)
Sol. The services sector, which includes industries such as finance, healthcare, retail, and tourism, is often considered a key driver of GDP growth due to its significant contribution to economic output.

S10. Ans.(d)
Sol. The RBI is responsible for conducting monetary policy, regulating and supervising banks, and issuing and managing the currency. However, managing fiscal policy, such as government spending and taxation, falls under the domain of the Ministry of Finance and the government.

S11. Ans.(a)
Sol. The statutory liquidity ratio (SLR) is the percentage of a bank’s total demand and time liabilities that it must maintain in the form of specified liquid assets, such as cash, gold, or government securities. As of September 2022, the SLR mandated by the RBI is 18%.

S12. Ans.(b)
Sol. The Urjit Patel Committee, formed in 2013, recommended the formation of a Monetary Policy Committee (MPC) to set the policy interest rates and make monetary policy decisions in India. The committee consists of representatives from the RBI and external members appointed by the government.

S13. Ans.(c)
Sol. Neeraj Chopra topped the charts with 1455 points, securing the number one ranking in men’s javelin.

S14. Ans.(c)
Sol. Obstetric fistula occurs when there is prolonged or obstructed labor, usually in low-resource settings with limited access to proper medical care. This can lead to tissue damage and a hole (fistula) forming between the birth canal and bladder or rectum.

S15. Ans.(c)
Sol. Three Indian Institutes of Management (IIMs) were featured in the top 75 FT Open-enrolment Executive Education Rankings 2023.